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EXHIBIT 16.7
The Bank of New York Trust Company of Florida, National Association
800 Brickall Avenue
Miami, Fl 33113
Consolidated Report of condition for June 30, 2000
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Dollar Amounts in Thousands
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ASSETS
1. Cash and balances due from depository institutions:
a. Noninterest-bearing balances and currency and coin.................................. 3,069
b. Interest-bearing balances .......................................................... 7,119
2. Securities:
a. Held-to-maturity securities......................................................... 8,669
b. Available-for-sale securities....................................................... 151
3. Federal funds sold and securities purchased under agreements to resell.................. 0
4. Loans and lease financing receivables:
a. Loans and leases. net of unearned income...........................................0
b. LESS: Allowance for loan and lease losses..........................................0
c. LESS: Allocated transfer risk reserve..............................................0
d. Loans and leases, net of unearned Income, allowance, and reserve (item 4.a
minus 4.b and 4.c.................................................................. 0
5. Trading assets......................................................................... 0
6. Premises and fixed assets (including capitalized leases)............................... 1,196
7. Other real estate owned................................................................ 0
8. Investments in unconsolidated subsidiaries and associated companies.................... 10,350
9. Customers' liability to this bank on acceptances outstanding........................... 0
10. Intangible assets...................................................................... 0
11. Other assets........................................................................... 919
12. Total assets (sum of items 1 through 11)............................................... 31,363
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Dollar Amounts in Thousands
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LIABILITIES
13. Deposits:
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a. In domestic offices ................................................. 810
(1) Noninterest-bearing ............................................. 610
(2) Interest-bearing................................................. 0
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs
(1) Noninterest-bearing .............................................
(2) Interest-bearing ...............................................
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14. Federal funds purchased and securities sold under agreements to repurchase.................... 0
15. a. Demand notes issued to the U.S. Treasury.................................................... 0
b. Trading liabilities......................................................................... 0
16. Other borrowed money (included mortgage indebtedness and obligations under capitalized leases):
a. With a remaining maturity of one year or less............................................... 6,000
b. With a remaining maturity of more than one year through three years......................... 0
c. With a remaining maturity of more than three years.......................................... 0
17. Not applicable
18. Bank's liability on acceptances executed and outstanding....................................... 0
19. Subordinated notes and debentures ............................................................. 0
20. Other liabilities ............................................................................. 3,631
21. Total liabilities (sum of items 13 through 20)................................................. 10,241
22. Not applicable
EQUITY CAPITAL
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23. Perpetual preferred stock and related surplus.................................................. 0
24. Common stock................................................................................... 760
25. Surplus (exclude all surplus related to preferred stock)....................................... 4,285
26. a. Undivided profits and capital reserves...................................................... 18,077
b. Net unrealized holding gains (losses) on available-for-sale securities...................... 0
c. Accumulated net gains (losses) on cash flow hedges.......................................... 0
27. Cumulative foreign currency translation adjustments ...........................................
28. Total equity capital (sum of items 23 through 26.c)............................................ 21,122
29. Total liabilities and equity capital (sum of items 21 and 28).................................. 31,363
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